Section 8 Company Registration for Foreign Nationals: Eligibility and Procedure

If you are a foreign national looking to register a Section 8 Company in India, there are certain eligibility criteria and procedures that you need to follow. In this blog post, we will discuss the step-by-step process for Section 8 Company Registration for Foreign Nationals.

Eligibility Criteria for Section 8 Company Registration for Foreign Nationals

• Age: The foreign national should be 18 years or older.

• Director: At least two directors are required, and one of them must be a resident of India.

• Digital Signature: The foreign national must obtain a digital signature certificate (DSC) from a government-approved agency.

• Identification Documents: The foreign national must have a valid passport and a visa, and provide proof of address.

• No Criminal Record: The foreign national should not have a criminal record in any country.

Procedure for Section 8 Company Registration for Foreign Nationals

• Obtain a Digital Signature Certificate (DSC): This is required for all directors and must be obtained from a government-approved agency.

• Obtain a Director Identification Number (DIN): This is required for all directors and can be obtained by submitting an online application.

• Reserve a Name: You can apply for a name reservation through the Section 8 Company e-form.

• File the Incorporation Documents: You must submit the incorporation documents online along with the required fees.

• Obtain the Certificate of Incorporation: Once the Registrar of Companies approves the application, you will receive the Certificate of Incorporation.

Benefits of Section 8 Company Registration for Foreign Nationals

• Limited Liability: Your personal assets are protected in case of any liabilities or debts of the Section 8 Company.

• Separate Legal Entity: The Section 8 Company is treated as a separate legal entity, making it easier to enter into contracts and conduct business.

• Tax Benefits: Section 8 Companies have certain tax benefits and are subject to lower tax rates than other forms of businesses in India.

• Corporate Social Responsibility (CSR): Section 8 Companies are required to spend a certain percentage of their profits on social causes.

Conclusion

Setting up a Section 8 Company in India is a great option for foreign nationals who want to contribute to the social welfare of the country. The process is simple and straightforward, and the benefits of a Section 8 Company make it an attractive option. Follow the eligibility criteria and the procedure for Section 8 Company Registration for Foreign Nationals to set up your business in India.